Sign up to The Irish Times Archive (1859 - 2008)My Account »

Tue 07 Jul 2007Riverdeep in €2.9bn buyout of US publisherIrish businessman Barry O'Callaghan's Houghton Mifflin Riverdeep group is buying Reed Elsevier's US educational publishing arm for €2.9 billion.Houghton Mifflin yesterday agreed to buy the Harcourt and Greenwood Heinemann business from the Anglo-Dutch Reed Elsevier group for $4 billion (€2.9 billion).